The Logistics & Supply Chain Management Society

APRIL 26, 2022

Brand loyalty is no longer the driver for consumer purchasing decisions. People simply want to purchase products from businesses which provide a more transparent and streamlined service, and who deliver on their customer promise, even if it means inflated prices to obtain it. Driving Sustainable Growth Through Supply Chain Resilience.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 246

ThroughPut

OCTOBER 16, 2022

Inventory optimization aims at arriving at the right amount of inventory that is sufficient to meet present and future forecasted demand. When organizations have the optimum inventory levels, they are easily able to address unnecessary inventory costs and problems associated with inventory such as overstocking, and stockouts.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Inventory Management 52

Unleashed

OCTOBER 27, 2021

Global supply chain disruption, rapid technological evolution, changing buying and selling habits – wholesale distributors have had to deal with some rapid and radical changes over the past couple of years. That said, as we’ll see in the other trends in this report, COVID-19 has also been a transformational turning point.

Inventory Management Software 97

Inventory Management Software Forecasting Software Predictive Analytics Software Analytics Software 97

Demand Solutions

MAY 25, 2020

Demand forecasting is one of the most important business activities. Poor demand forecasting leads to businesses making purchases of products that they can’t move, or buying too little product and being unable to meet customer demand, potentially putting their business at risk. Use Surveys To Forecast Demand.

Forecasting 100

Forecasting Forecasting Software Demand Planning Software Modeling 100

OptiProERP

MARCH 16, 2022

Also, you cannot easily forecast with spreadsheets because you need to look at historical information. That isn’t something you can quickly pull together for analysis using Excel or Google sheets. Inability to Forecast. Accurate Forecasting. With multiple locations, the situation is even more challenging.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Optimal Sourcing Manufacturing Procurement 52

Supply Chain Shaman

APRIL 7, 2016

While traditional supply chain processes evolved from functional excellence definitions for source, make and deliver from the inside-out; to make the digital pivot and become more market-driven, companies need to define new supply chain processes outside-in. 2) Market-Driven Forecasting. Bio-engineering? Customization?

Supply Chain Design Software 150

Supply Chain Design Software Supply and Demand Supply Chain Planning Software Supply Chain Network Software 150

ThroughPut

JUNE 4, 2020

With accurate Inventory Optimization, manufacturers can streamline stocking issues using predictive analytics and data-driven insights. . Demand forecasting. Accurate demand forecasting is an important element of inventory optimization. Demand forecasting challenges. Relevant forecasting techniques.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Optimization Software 52

ThroughPut

JUNE 4, 2020

With accurate Inventory Optimization, manufacturers can streamline stocking issues using predictive analytics and data-driven insights. . Demand forecasting. Accurate demand forecasting is an important element of inventory optimization. Demand forecasting challenges. Relevant forecasting techniques.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Optimization Software 52

Supply Chain Opz

NOVEMBER 9, 2014

That said, implementing Lean concepts would undoubtedly be part of that strategy, for example, - Lean Warehousing : Many firms (both retailers and manufacturers) are now aggressively rolling out Lean in their warehouse operations. Aggregate forecasts are more accurate than individual forecasts.

Waste Reduction 274

Waste Reduction Cost Reduction Strategies Supply Chain Planning Software Inventory Reduction 274

Logistics Bureau

NOVEMBER 16, 2020

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. Why Choose a Job in the Supply Chain Industry?

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 96

Silvon Software

APRIL 18, 2024

Insights gleaned from robust data analytics enable core business areas to identify opportunities for risk reduction, enhance operational efficiencies, and foster strategic initiatives that drive business growth. For example, using forecasting models to predict quarterly sales and adjust marketing spend accordingly.

Manufacturing Procurement 59

Manufacturing Procurement Procurement Analytics Analytics Software Predictive Analytics 59

ThroughPut

NOVEMBER 12, 2020

Dearth of continuous improvement to drive for excellence in warehouse operations Scarcity of end-to-end perspectives in processes, costs, or external supply chain interfaces. Lean warehousing. Lean warehousing is a holistic concept aimed at tackling improvement opportunities across the supply value chain.

Warehousing 52

Warehousing Expense Reduction Inventory Reduction Supply Chain Design Software 52

Supply Chain Shaman

FEBRUARY 25, 2016

Dear Supply Chain Leader, Today, sitting in my seat in 11K on a Cathay Pacific flight between Hong Kong and Boston, I want to report that there is no Easter Bunny. Today I also want to report that, based on over a decade of scientific discovery, traditional supply chain practices are not best practices. There is also no Santa Claus.

Supply and Demand 150

Supply and Demand Prescriptive Analytics Software Supply Chain Design Software Supply Chain Planning Software 150

Locus

DECEMBER 23, 2022

Not only this, 62% of online shoppers in the US say delivery speed is what makes for a good purchase experience. But even with this knowledge, what’s stopping retailers and e-commerce companies from providing excellent delivery experiences to their customers? percent in North America in 2022.

Analytics Software 52

Analytics Software Retail Supply Chain Planning Software Demand Planning Software 52

Unleashed

OCTOBER 4, 2023

The order fulfilment process covers every step required to get goods to the people who purchase them, from the moment a customer places an order to when they receive their purchase. Competitive advantage: When it comes to making a purchase , customers usually have several options to choose from.

Inventory Reduction 52

Inventory Reduction Sourcing Strategies Resource Reduction Cost Reduction Strategies 52

ThroughPut

MAY 16, 2024

Powered by data analytics and advanced technologies, every stage of the supply chain can be critically analyzed, starting from procurement to distribution to identify and prioritize improvement opportunities. This opens up avenues to save procurement, transportation, inventory, and warehousing costs.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Optimization Optimization Software Modeling 52

Infosys Supply Chain Management

JANUARY 18, 2018

It means lean team for support, no complex integrations for high volume transactions (Issues, Returns) with ERP System, faster implementations, less training and less licensing cost. As much Maximo has been famous for its WAM capabilities, it was also known for its limited Supply Chain capabilities especially till version 6 and 7.1.

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Agile and Lean Supply Chain 0

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Inspired by McKinsey’s 2020 consultancy report, which emphasizes transforming supply chains rather than temporary fixes, we believe a comprehensive approach to reskilling supply chain professionals is essential to meet future demands. Soft skills also play a pivotal role in managing client expectations and fostering collaboration.

Purchasing Skills 130

Purchasing Skills Buyer Training Asia Supply Chain Design Software 130

Supply Chain Movement

APRIL 26, 2016

That’s why we plan four seasons ahead in our sales & operations planning process, which we still do in Excel. S&OP and omnichannel supply chains are demanding new analytical skills. Then map the demand patterns on a customer segmentation matrix and decide how you should do the forecasting – whether automated or not.

SCM 60

SCM Pharmaceutical Material Savings Supply Chain Design Software 60

ShipBob

NOVEMBER 15, 2021

The goal of logistics planning is to build a lean and cost-effective logistics operation that can achieve service levels at all times and withstand supply chain disruptions. If your planned goals have kept you on budget and you’ve reduced supply chain costs, you’ll likely see monetary savings and higher profit margins.

Supply Chain Planning Software 98

Supply Chain Planning Software Logistics Network Optimization Software Material Savings Negotiating Skills 98

Supply Chain Shaman

NOVEMBER 28, 2016

To drive global scale, companies need to design the supply chain to buy globally and execute locally. The company leverages globally sourcing strategies to buy products at a lower cost and then deploys some unique process logic to drive mass customization for retailers. Performance on the Supply Chain Metrics That Matter.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Software 195

Unleashed

DECEMBER 6, 2021

With inventory management and other software features built for the wholesale environment, you’ll be able to work towards success in a number of ways: improved profit margins by holding a lean inventory, optimising inefficiencies to cut labour costs, better strategic decision making through data… the list goes on.

Inventory Management Software 98

Inventory Management Software Supply Chain Design Software Supply Chain Planning Software Analytics Software 98

ThroughPut

APRIL 6, 2020

Supply chain optimization is a key component of the manufacturing supply chain process, helping companies control their input costs to be able to provide effective goods or services to their customers. It goes beyond just maximizing the overall supply chain performance in terms of material delivery excellence. Demand forecasting.

Optimal Sourcing 59

Optimal Sourcing Optimization Software Supply Chain Planning Software Supply Chain Design Software 59

Logistics Bureau

JANUARY 1, 2018

If a new visitor arrives and shows a similar pattern of navigation, the engine swings into action with “You might also like (insert name of frequently purchased product here)”. Their answer has been to apply cost reduction and lean practices. Suggesting actions after reviewing analytics. Tools to think like humans.

Supply Chain Planning Software 53

Supply Chain Planning Software Supply Chain Software Negotiating Skills Supply Chain Network Software 53

ThroughPut

APRIL 2, 2020

Supply chain optimization is a key component of the manufacturing supply chain process, helping companies control their input costs to be able to provide effective goods or services to their customers. It goes beyond just maximizing the overall supply chain performance in terms of material delivery excellence. Demand forecasting.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Supply Chain Planning Software Supply Chain Design Software 52

Logistics Bureau

NOVEMBER 6, 2023

Recent studies have shown that among the challenges frustrating warehouse and distribution centre managers this year, rising energy and labour costs are two of the most often cited. We hope the tips and ideas in this article will help you make inroads into warehouse energy and labour cost reduction.

Cost Reduction Strategies 89

Cost Reduction Strategies Warehousing Waste Reduction Purchasing Skills 89

Supply Chain Game Changer

AUGUST 26, 2021

Every single organization I have been a part of has been dependent on Excel spreadsheets for order tracking and expediting – and in some cases – even demand planning. Buyers and expeditors alike tend to place Purchase Orders with suppliers and then check the box as if the task is complete. PO Placement ?

Supply Chain Visibility 103

Supply Chain Visibility Supply Chain Planning Software Real-time Visibility Agile and Lean Supply Chain 103

SCMDOJO

NOVEMBER 2, 2023

Services Matias Offer on SCMDOJO Logistics Consulting Maritime Freight Sourcing and Procurement Logistics Technology Sourcing Executive Mentoring Guide: Matias, our supply chain consultant, has also created Maritime Freight Sourcing and Procurement Guide , which is available from SCMDOJO Academy.

Supply Chain Design Software 59

Supply Chain Design Software Negotiating Skills Optimal Sourcing Supply Chain Planning Software 59

SYSPRO Smarter ERP

SEPTEMBER 27, 2021

Organizations can create subscription-based analytics products and with the data collected from IoT devices monitor and use trends, patterns, and insights about their usage. This strategy creates a subscription-based revenue stream, while the physical good itself is often a one-time purchase. Share data for partnership and growth.

Manufacturing Procurement 105

Manufacturing Procurement Analytics Software Manufacturing Predictive Analytics Software 105

6 River Systems

JUNE 29, 2020

“Additionally, a review of reporting procedures can act as a safeguard against corruption throughout operations. All stakeholders who interact with the supply chain should be aware of hotlines and other reporting mechanisms, which should establish a clear path and adequate protections for whistleblowers.”

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Modeling 116

Logistics Bureau

OCTOBER 11, 2021

But shortages are anathema , because it’s too easy for your customers to buy from competitors if you can’t fulfil their needs—and once customers defect, you might never get them back. For a fledgling ecommerce business, rudimentary forecasting and planning methods can be sufficient to guide tactics and ensure supply and demand are balanced.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Material Savings Negotiating Skills Inventory Reduction 52

6 River Systems

DECEMBER 11, 2018

Create an adaptive unified buying process. “If you look at the typical buying process, it is bifurcated based on geography. If I am going to buy goods from this geography, then I use this process. That’s an extremely efficient way of reducing total logistics costs while providing optimal customer service.

Inventory Reduction 75

Inventory Reduction Cost Reduction Strategies Resource Reduction Sourcing Strategies 75

RFgen

JUNE 8, 2023

After all, if products are not properly traced, accounted for, and utilized, there are far-reaching effects across the product life cycle, from procurement to delivery. Proper inventory management involves a holistic view of all products with the goal of ensuring a smooth supply chain operation and minimizing costs. That’s a problem.

Inventory Management Software 56

Inventory Management Software Supply Chain Planning Software Optimization Software Demand Planning Software 56

6 River Systems

JULY 25, 2019

Sebastian Jungels @seb_jungels Sebastian is a co-founder at KAPUA , an enterprise SaaS provider, where he helps companies to improve their forecasting accuracy and speed. This will not only influence fill rates and service levels (driving more revenue), but it also helps to keep the cost down increasing the bottom-line.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Strategy 96

ShipBob

DECEMBER 27, 2021

Essentially, a distribution partner works with a merchant to physically get the merchant’s products in front of customers, into a marketplace, or into the hands of customers who purchased the products. Warehouse management systems, inventory management systems, and analytic tools with real-time updates and inventory tracking capabilities.

Distribution 52

Distribution Inventory Reduction Supply Chain Planning Software How To 52

Unleashed

FEBRUARY 8, 2023

Effective cash flow management ensures there is sufficient money to pay bills and expenses such as employee wages, purchase orders, and general operating costs. Cash flow management tools for forecasting Cash flow forecasting gives businesses the confidence of knowing they can meet expenses and pay staff and suppliers on time.

Forecasting Software 52

Forecasting Software Inventory Management Software Analytics Software Predictive Analytics Software 52

Supply Chain Shaman

APRIL 26, 2022

My imagination goes wild when I see new forms of analytics. Recently, I presented at the Informs Analytics Conference in Houston and challenged companies to “ think out of the box” and define outside-in processes in Supply Chain Planning. Always as a non-conformist, I pushed the edges and challenged boundaries.

Manufacturing Procurement 219

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Procurement Analytics 219